In 2022, 25 Canadian investment funds raised over $1 billion in fundraising, together raising $48.1 billion, accounting for 28% of $175 billion raised by 2415 funds in 2022.
The 2022 numbers are down slightly from those of 2021 which recorded 27 funds for $53.8 billion.
Summary
- BlackRock Canada Universe Bond Index Fund led all $1B+ fundraising funds, raising $4.39 billion in 2022
- BlackRock Asset Management Canada Limited led all managers with 6 $1B+ fundraising funds for $13.3 billion
- Equity funds led $1B+ fundraising funds with 8 funds for $13.8 billion which is slightly behind $13.9 billion raised by 6 money market funds.
Top $1B+ fundraising investment funds
| Fund | Fund Manager | Fund Type | Raised ($M) |
| BlackRock Canada Universe Bond Index Fund | BlackRock Asset Management Canada Limited | Fixed Income | 4,392 |
| Fiera Short Term Investment Fund | Fiera Capital Corporation | Money Market | 3,627 |
| TD Emerald Canadian Long Bond Broad Market Pooled Fund Trust | TD Asset Management Inc. | Fixed Income | 3,622 |
| BlackRock CDN US Equity Index Fund | BlackRock Asset Management Canada Limited | Equity | 3,053 |
| RBC Investor Services Short-Term Investment Fund | RBC Global Asset Management Inc. | Money Market | 2,958 |
| Canadian Dollar Liquidity Fund | BNY Mellon Asset Management Canada Ltd. | Money Market | 2,584 |
| Jarislowsky, Fraser Money Market Fund | Jarislowsky, Fraser Limited | Money Market | 2,286 |
| TD Emerald Pooled U.S. Fund | TD Asset Management Inc. | Equity | 2,039 |
| CI Canadian Bond Fund | CI Investments Inc. | Fixed Income | 2,011 |
| Phillips, Hager & North Core Plus Bond Fund | RBC Global Asset Management Inc. | Fixed Income | 1,999 |
| BlackRock CDN MSCI EAFE Equity Index Fund | BlackRock Asset Management Canada Limited | Equity | 1,766 |
| BlackRock Canadian Equity Index Fund | BlackRock Asset Management Canada Limited | Equity | 1,612 |
| Canada Life Strategic Income Fund | Canada Life Investment Management Ltd. | Balanced | 1,588 |
| CI Select Canadian Equity Fund | CI Investments Inc. | Equity | 1,566 |
| Diversified Fund of Canada – DFC Cash Management Fund | NT Global Advisors, Inc. | Money Market | 1,448 |
| Arrowstreet (Canada) Global All-Country Fund I | Mercer Global Investments Canada Limited | Equity | 1,423 |
| BlackRock CDN US Equity Index Non-Taxable Fund | BlackRock Asset Management Canada Limited | Equity | 1,267 |
| Mackenzie – IG Canadian Bond Pool | I.G. Investment Management, Ltd. | Fixed Income | 1,254 |
| BlackRock Canada Long Bond Index Fund | BlackRock Asset Management Canada Limited | Fixed Income | 1,192 |
| Fiera International Equity Fund | Fiera Capital Corporation | Equity | 1,105 |
| CI Income Fund | CI Investments Inc. | Balanced | 1,100 |
| TD Emerald Canadian Bond Pooled Fund Trust | TD Asset Management Inc. | Fixed Income | 1,074 |
| Fiera Long-Term DB Risk Management Fund | Fiera Capital Corporation | Others | 1,059 |
| Mackenzie – IG Global Bond Pool | I.G. Investment Management, Ltd. | Fixed Income | 1,049 |
| Fiera Short Term Plus Fund | Fiera Capital Corporation | Money Market | 1,040 |
Top $1B+ fundraising investment fund managers
| Manager | # Funds | Raised ($M) |
| BlackRock Asset Management Canada Limited | 6 | 13,281 |
| Fiera Capital Corporation | 4 | 6,831 |
| TD Asset Management Inc. | 3 | 6,736 |
| CI Investments Inc. | 3 | 4,676 |
| RBC Global Asset Management Inc. | 2 | 4,957 |
| I.G. Investment Management, Ltd. | 2 | 2,303 |
| BNY Mellon Asset Management Canada Ltd. | 1 | 2,584 |
| 1832 Asset Management L.P./Jarislowsky, Fraser | 1 | 2,286 |
| Canada Life Investment Management Ltd. | 1 | 1,588 |
| NT Global Advisors, Inc. | 1 | 1,448 |
| Mercer Global Investments Canada Limited | 1 | 1,423 |